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Indian Land Combat Systems Market Assessment
Frost & Sullivan, Dec 2009, Pages: 69
The Indian Army’s Innovative Makeover Strategy is set to Spur the Indian Land Combat Systems Market
The Indian army’s strategy to upgrade itself with advanced technology along with the socio-political environment in South Asia is driving the Indian land combat systems market. The relationship between the public and private sector enterprises is going to prove critical for this market to experience significant growth in the next decade. 'The Indian army’s strategy to upgrade obsolete platforms and technologies is the major driver for this market,' says the analyst of this research. 'Investments for the procurement of new platforms are expected to increase over the next decade with regional and internal security high priority for the Indian defence establishment.' India has a host of potential regional aggressors that is driving the country to invest in advanced defence technologies to gain an edge over its adversaries. Moreover, India faces internal security issues with separatist sentiments and potential threat from naxalites high in several regions.
However, a key challenge for the Indian land combat systems market is the public-private partnership (PPP). Although this issue is perceived negatively by the media and the common man, PPP will play a significant role in propelling the Indian defence industry to its zenith in the coming years. Additionally, understanding implementation pipelines is critical for the growth of this market. 'As some procurement happens over a period of more than a decade, the timing of arrival of orders is critical,' explains the analyst. 'The government should manage its resources with utmost diligence to overcome this challenge.'
Market participants should provide integrated solutions, identify effective business partners, and develop efficient supply-chain strategies. 'Soldier modernisation programmes and the increasing use of electronics equipment could offer considerable revenue potential in the form of support contracts and life capability management,' concludes the analyst. 'The Indian army’s expenditure on land-based training and simulation is anticipated to be $261.4 million by 2019, spurred on by increased procurement of land based platforms.'
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Main battle tanks
- Artillery
- Missiles
- Vehicles
- Communication
- Firearms
This Frost & Sullivan research service titled Indian Land Combat Systems Market Assessment identifies the major procurement programmes of the Indian army over the next decade. The objective of this research service is to provide market forecasts for land combat systems from 2009 to 2019. It also aims to capture the critical issues that drive and restrain the market and addresses the major challenges facing the Indian land combat market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market segments: main battle tanks, artillery, missiles, vehicles, communication, and firearms.
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